SAFE: Our country's foreign exchange market operates more smoothly in November

On December 15, statistics from the State Administration of Foreign Exchange showed that in November 2022, banks settled 1.3304 trillion yuan and sold 1.3754 trillion yuan. From January to November 2022, banks settled 15.7776 trillion yuan and sold 15.1344 trillion yuan.

In November 2022, bank valet foreign-related income 3.6353 trillion yuan, external payment 3.7041 trillion yuan. From January to November 2022, bank valet accumulated foreign-related income 38.2991 trillion yuan, cumulative external payment 37.9783 trillion yuan.

Wang Chunying, deputy director and spokesperson of the State Administration of Foreign Exchange, said that in November our countryforeign exchange marketThe operation is more stable, and the supply and demand of domestic foreign exchange remain basically balanced. In November, the deficit between banks' settlement and sales of foreign exchange narrowed by 47% month-on-month. Taking into account other supply and demand factors in the foreign exchange market, the supply and demand of domestic foreign exchange became more balanced. From the main channels, the net inflow of cross-border funds under the item of trade in goods in November was 34.30 billion US dollars, an increase of 4% month-on-month; the net inflow of foreign direct investment capital base in China grew rapidly month-on-month, and foreign investment in the domestic securities market showed a net increase. It is expected that cross-border funds such as trade in goods and foreign direct investment will continue to flow steadily in the future, and will continue to play

Wang Chunying said that recently, the international economic and financial situation and the monetary policy expectations of major developed economies have undergone marginal changes, the US dollar exchange rate has fallen from a high level, and the related spillover impact has eased. With our country better coordinating epidemic prevention and control and economic and social development, the package of policies and successive measures to stabilize the economy have been fully effective, and the economy is expected to continue to stabilize and rise, which will further boost market expectations and confidence. At the same time, our country's balance of payments structure is stable and the internal resilience of the foreign exchange market is enhanced, which will also help our country's foreign exchange market to maintain a stable operation.